Magnachip Reports Results for Second Quarter 2022 and Reaffirms Previously-Announced Stock Buyback Program ...Middle East

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Magnachip Reports Results for Second Quarter 2022 and Reaffirms Previously-Announced Stock Buyback Program
Revenue of $101.4 million was down 2.6% sequentially and down 11.0% year-over-year (YoY). The YoY decrease was mainly due to severe supply shortages for 28nm 12" OLED wafers, partially offset by an 11.1% YoY increase in Power solutions business revenue. Gross profit margin was 28.6%, down...

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